US Treasury Bond Buybacks Surge as Scott Bessent Shakes Global Markets
Scott Bessent’s U.S. Treasury sent shockwaves through global financial centers Wednesday by doubling the scale of US Treasury bond buybacks to combat a deepening rout in sovereign debt. This surprise intervention increases liquidity-support operations from $2 billion to at least $4 billion per session for 10- to 30-year securities. The policy shift triggered an immediate … Read more